I’ve heard estimates of $250,000-450,000 being spent per person in Katrina.
We don’t need catastrophic life insurance and now we don’t need property insurance either.
Those estimates are wrong. Somebody took the total amount of relief dollars and divided that number by the population of NOLA. That’s wrong in it’s very basis as the relief dollars used covered the entire Gulf coast and not just NOLA.
If you knew the population of all the counties harmed by Katrina and divided that number into the relief dollars you'd get a reasonable number. But I don't know what that would prove.